Cement News tagged under: Indian sub-continent
JK Lakshmi Cement wins Superbrand accolade08 June 2023, Published under Cement NewsIndia-based JK Lakshmi Cement has been awarded Superbrand status for 2023-24, making it the only brand in the grey cement category to receive this accolade. According to Devdiscourse, the selection process for the award involved a survey of more than 23,000 individuals across India to identify brands that excel in various parameters of building their brand name. JK Lakshmi Cement emerged as a clear winner with an average score of 6.6 putting it in the top 10 per cent of all scores across a... |
Lucky Cement urges govt to take export measures07 June 2023, Published under Cement NewsPakistan's business tycoons and economic experts, including the cement industry conglomerate Lucky Cement, have suggested a media debate on the forthcoming federal budget 24, to be presented in parliament on 11 June 2023. The country aims to apply for another International Monetary Fund (IMF) programme to fulfil its growing foreign debt repayment issues and other liabilities. Recall that the IMF has not yet released the US$1.1bn loan tranche, originally due in November 2022. This altoget... |
The cement sector is looking forward higher allocation of PSDP in FY23-2407 June 2023, Published under Cement NewsThe Annual Plan Coordination Committee (APCC) of Pakistan's government has recommended PKR2.659trn (US$9.27bn) of national development outlay for the next budget 2023-24, including a federal Public Sector Development Programme (PSDP) of PKR1.1trn and a provincial allocation of PKR1.559trn. Minister for Planning Ahsan Iqbal told journalists that Prime Minister Shehbaz Sharif directed the Ministry of Finance to increase the PSDP size from PKR700bn to PKR950bn for the upcoming budget and PK... |
Bangladesh cement exports surpassed export in 11MF22-2307 June 2023, Published under Cement NewsBangladesh has reported 43.9 per cent YoY growth in cement export revenue to US$12.52m in the first 11MFY22-23 (July 2022-May 2023). This compares to US$8.7m in the same period a year earlier. The value of the target set for this period also saw a hefty growth of 26 per cent. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor amounts of salt, stone and related products. Most of the cement exports were shipped to neighbouring countries. For the full F... |
Sri Lanka's cement prices to fall06 June 2023, Published under Cement NewsSri Lanka’s cement prices are expected to fall by LKR300-500/50kg bag (US$1.03-1.72/50kg bag) of cement, following a recent appreciation of the rupee. A 50kg bag was retailing at round LKR2600. “The reduction in prices is due to the strengthening of our currency, the falling interest rates and the current economic standards that we have put in place,” said Trade Minister, Nalin Fernando, according to EconomyNext. “Although the fall in the dollar price is one of the reasons for the fall in... |
Andhra Cements restarts clinker line at Durga06 June 2023, Published under Cement NewsIndia-based Andhra Cements Ltd, part of Sagar Cements, has relaunched the clinker line at its 1Mta integrated Durga Cement Works in Dachepalli Mandal, Palnadu District, Andhra Pradesh. According to press reports, Sagar Cements plans to invest over US$50m at the plant to boost its cement and clinker production capacity to 3Mta and 2.3Mta, respectively. |
APCMA reports 19% increase in cement dispatches in May 202305 June 2023, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) released more encouraging data for May 2023 than in the previous month of April, which was overshadowed by the season break during Ramadan. The cement representative body is salient about the upward trend. The rise in dispatches has been attributed to increased export and local buying before the announcement of the federal budget as a precaution against measures that would put upward pressure on prices. In addition, falling coal pric... |
Bangladesh’s clinker imports more expensive in new budget FY23-2405 June 2023, Published under Cement NewsBangladesh Minister for Finance, AHM Mustafa Kamal, presented National Budget Speech 2023-24 (July-June) in parliament on 1 June and made some tax measures on the cement industry. The measures are detrimental to the cement industry as they will raise the import cost of clinker and the price of cement bags in Bangladesh, according to local experts. Increase duty on clinker imports The minister proposed that the specific duty of only BDT500/t (US$4.66/t) currently in force for import... |
What will prompt faster decarbonisation?02 June 2023, Published under Cement NewsThis week the Alliance for Low-Carbon Cement and Concrete (ALCCC) published its latest report on 'fast-tracking cement decarbonisation'. The document looks at underperforming and reaching performance-based standards for decarbonisation. The issue with today's cement industry standards is that they are not designed for a quick entry of low-carbon cement. "Safe and low-carbon solutions already exist but need market access through environmentally ambitious standards and policies," says ALCCC... |
Crown Cement secures loan for 6th line02 June 2023, Published under Cement NewsCrown Cement Plc has secured a syndicated loan facility for the construction of the sixth cement line at its plant in West Mukterpur, Munshiganj , Bangladesh. The new line will have a state-of-the-art VRM mill with the plant’s total production capacity expected to reach 19,000tpd. According to The Business Standard, the loan for BDT2500m (US$23.3m) involves a consortium of banks, including Eastern Bank Ltd, State Bank of India, Bank Asia Ltd and Dhaka Bank Ltd. “The milestone deal wi... |